Panmure Gordon Reaffirms “Buy” Rating for Cake Box (LON:CBOX)

Panmure Gordon reiterated their buy rating on shares of Cake Box (LON:CBOX) in a research note published on Tuesday morning. They currently have a GBX 220 ($2.72) target price on the stock.

Cake Box Stock Performance

Shares of CBOX opened at GBX 190 ($2.35) on Tuesday. The firm’s 50-day moving average price is GBX 191.51 and its 200-day moving average price is GBX 181.41. The firm has a market capitalization of £76 million, a price-to-earnings ratio of 1,727.27 and a beta of 1.19. The company has a current ratio of 2.50, a quick ratio of 1.99 and a debt-to-equity ratio of 18.51. Cake Box has a 1-year low of GBX 155 ($1.92) and a 1-year high of GBX 200 ($2.48).

Cake Box Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of GBX 3.40 ($0.04) per share. This represents a yield of 1.81%. The ex-dividend date was Thursday, November 21st. Cake Box’s payout ratio is currently 8,181.82%.

Cake Box Company Profile

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles. It also engages in the franchising of specialist cake stores; and property rental activities.